FILE: Strait of Hormuz - 2011 (CCTV - No access Chinese mainland/Al-Arabiya/Persian language TV Stations outside Iran. Strictly No Access BBC Persian/VOA Persian/Manoto TV/Iran International/Radio Farda)
1. Aerial shot of island in Strait of Hormuz

FILE: Kharg Island, Iran - 2016-2018 (CGTN - No access Chinese mainland/Al-Arabiya/Persian language TV Stations outside Iran. Strictly No Access BBC Persian/VOA Persian/Manoto TV/Iran International/Radio Farda)
2. Various of Kharg Island, oil facilities

FILE: Seoul, ROK - September 2021 (CCTV - No access Chinese mainland)
3. Various of exterior, sign of Korea Exchange

FILE: Seoul, ROK - Aug 5, 2024 (CCTV - No access Chinese mainland)
4. Various of traders at stock exchange, screens showing information

FILE: Tokyo, Japan - Nov 5, 2025 (CCTV - No access Chinese mainland)
5. Various of signs of Tokyo Stock Exchange
6. Various of stock traders working

FILE: Hong Kong, China - Date Unknown (CGTN - No access Chinese mainland)
7. Various of Exchange Square, Hong Kong Exchanges and Clearing Limited (HKEX); screens showing stock market information

FILE: Frankfurt, Germany - 2015 (CCTV - No access Chinese mainland)
8. Trading floor of Frankfurt Stock Exchange
9. Various of stock brokers working in stock exchange

FILE: London, UK - April 24, 2017 (CCTV - No access Chinese mainland)
10. People passing by London Stock Exchange Group
11. Various of interior of London Stock Exchange Group

Major stock markets in the world slumped after the United States and Iran threatened to escalate hostilities, as the U.S.-Israeli strikes on Iran enter the fourth week.

U.S. President Donald Trump threatened on social media Saturday that the U.S. would target Iranian power plants if the country fails to fully reopen the Strait of Hormuz within 48 hours.

With less than 15 hours remaining, markets have reacted sharply, stoking fears of a broader energy conflict.

Asian equities tumbled Monday, by more than 6 percent in the Republic of Korea, and around 3.5 percent in Japan.

Chinese markets also closed lower, down over 3.6 percent.

European shares followed suit at the open, with Germany's DAX down around 2 percent, and major indexes in the UK, France and Italy falling roughly 1.3 to 1.7 percent.